The company served as a Silver Sponsor of the 3rd Engineering Arbitration Conference, held under the patronage of His Royal Highness, the Crown Prince Sultan Bin Abdul Aziz, at Sultan Bin Abdul Aziz Science & Technology Center.
The conference explored several timely and pertinent topics, including strategies in unifying arbitration systems and authorities, the development of arbitration decision execution mechanisms, modern alternatives in arbitration settlements and implementation and obstacles of engineering arbitration.
A series of three workshops was also featured, designed to educate management personnel with regard to drafting arbitration agreements, running arbitration sessions, regular arbitration procedures and ruling verdicts and writing experience reports in arbitration cases.
Organised sessions were held in tandem with the workshops, to discuss thematic issues such as the future role of arbitration in Saudi Arabia and arbitration and Islamic Law.
Representatives from the Ministry of Justice, the Court of Grievances, the Saudi arbitration team, the Saudi Council of Commerce Chambers and the GCC commercial Arbitration Center participated in the discussions.
Organisers of the conference presented a special appreciation plaque to Adnan Al-Mansour, Zamil Steel President, in recognition of the Zamil Steel efforts to promote and support scientific research and vocational activities. Zamil Steel is an innovative leader in research and development, yielding exciting new technological advances, resulting in products that have been showcased at recent exhibitions in Germany and Bahrain. The company has also been involved in regional dialogues promoting vocational training and education in the field of engineering, including Civil Engineering Awareness Day at King Fahd University in May 2007.
After receiving the award, Adnan Al-Mansour said, "We accept this award with grateful acknowledgement of our responsibilities as a corporate citizen of our country, the region, and the world. The field of engineering is the bedrock of our industry, and we at Zamil Steel are dedicated to the cultivation of talent and the creation of new technologies. We are honored that our efforts have been recognised by the Saudi Council of Engineers."
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Zamil Steel receives appreciation award from Saudi Council of Engineers
- Saudi Arabia: Sunday, October 28 - 2007 at 11:33
- PRESS RELEASE
Zamil Steel Industries has received a special appreciation award from the Saudi Council of Engineers.
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About Zamil Steel IndustriesFounded in 1977, Zamil Steel (ZS) is a global leader in the manufacture of pre-engineered steel buildings and the Middle East's premier supplier of structural steel products and process equipment, transmission and telecommunications towers. Zamil steel operates a joint venture between Zamil Industrial Investment Company and Steel Plus, a subsidiary of Canam Group, Canada, called Canam Asia Ltd. (CAL), to design and fabricate open web steel joists and roof and floor steel decks.
Zamil Steel manufactures a total 250,000 MT of fabricated steel per annum of low rise and high rise steel buildings and structures for diverse industrial, commercial, agriculture, aviation, entertainment and military applications and support of infrastructure and development projects. Zamil Steel's products are sold in more than 80 countries through an international network of dedicated sales and representative offices, certified builders, agents and distributors.
Zamil Steel's main factories are based in Dammam, Saudi Arabia. Additional factories are located in Egypt, Vietnam and Ras Al Khaima (UAE). More than 600 engineers are employed in its engineering departments in Saudi Arabia, Jordan, Egypt, Vietnam and India.
Zamil Steel is one of four sector businesses of Zamil Industrial.
About Zamil Industrial
Zamil Industrial was founded in 1998. It is headquartered in Dammam, Kingdom of Saudi Arabia, and employs more than 8,200 people in 55 countries. As an international manufacturing and fabrication group, it provides leading air conditioning, pre-engineered steel buildings, structural steel products, process equipment, transmission and telecommunications towers, open web joists and decks, architectural glass processing, aerated concrete products and fiberglass insulation solutions to meet the requirements of the global construction industry through its four sector businesses: Zamil Air Conditioners (www.zamilac.com), Zamil Steel Industries (www.zamilsteel.com), Zamil Glass Industries (www.zamilglass.com) and Arabian Fiberglass Insulation Co. Ltd. (www.afico.com.sa).
For the year ended 31 December 2006, Zamil Industrial posted turnover of SAR 2.87 billion/USD 764.7 million, a growth of 21% over 2005, with net profit, after Zakat contribution, of SAR 191.7 million/USD 51.1 million. Post Zakat Earnings Per Share during 2006 grew to SAR 4.26/USD 1.14 from SAR 2.36/USD 0.63 representing 80.2 percent growth. Shareholders' equity grew by 26.2% to SAR 741.5 million/USD 197.7 million. Export sales accounted for SAR 1105.6 million/USD 294.8 million representing 39% of total revenues and 18.4% growth over 2005. Zamil Industrial exports to more than 80 international markets.
Zamil Industrial shares are actively traded on the Saudi Stock Market.
For more information on this press release, contact Said Al-Daajani, Zamil Industrial Investment Company, Corporate Communications, Tel: (966) 3 8471840, Fax: (966) 3 8472574
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